Your Axis Bank savings account now makes IPO application a seamless and hassle-free process. Instead of moving out funds from your account for application to an IPO, the amount can now simply be blocked. Which means as long as the IPO shares are not allotted, the funds stay with you and you also gain interest on them. Plus you get the security of having the refunds directly unblocked and made available to you, in your account itself!

The above service is being made available in accordance with the SEBI guidelines on ASBA (Applications Supported by Blocked Amount).